From Seekingalpha · Ian Bezek · · 40s
Grupo Aeroportuario Del Pacifico Q3 Results
Mexican airport operator reports decent Q3 results despite macro headwinds.
In brief
Mexican airport operator reports decent Q3 results despite macro headwinds. Grupo Aeroportuario del Pacifico achieved solid Q3 revenue growth through non-aeronautical services and CBX acquisition while regulated aeronautical revenues stayed resilient. Originally reported by Seekingalpha.
Q3 Revenue Growth
Grupo Aeroportuario del Pacifico delivered solid q3 revenue growth despite flattish passenger traffic and macro headwinds.
Non-Aeronautical Services
Non-aeronautical services and the cbx acquisition drove headline revenue growth.
Regulated Revenues Resilient
Regulated aeronautical revenues remained resilient due to inflation-protected contracts.
Market Context
Hurricanes played a big role in recent traffic weakness, high jet fuel prices haven't hurt results as much as you might think.
The takeaway
Grupo Aeroportuario del Pacifico achieved solid Q3 revenue growth through non-aeronautical services and CBX acquisition while regulated aeronautical revenues stayed resilient.
